Universal Quantum Raises Over $100 Million Series A

Insider Brief

• Universal Quantum raised more than $100 million in Series A funding to develop and commercialize its modular quantum computing technology and expand internationally.
• The round, co-led by DCVC and Firgun Ventures, will support systems that connect trapped-ion quantum chips to build larger, error-corrected quantum computers.
• The funding will support a new research and development center in Singapore and expansion in the United States, Japan and Hamburg, Germany.

PRESS RELEASE — Universal Quantum, the company building large-scale quantum computing systems for real-world use, today announced it has secured over $100 million in Series A funding – marking the largest Series A ever raised by a quantum firm headquartered in the UK. The funding will accelerate the company’s global expansion, as well as the development and commercialisation of its modular technology, advancing a path towards fault-tolerant quantum computing. 

The round was co-led by DCVC and Firgun Ventures, with participation from EDBI, Artal (advised by Invus), Integral GlobalTech, Main Sequence, Hostplus, NGS Super, IAG Capital, EdenBase, Eigenstate.holdings, and Dave Baszucki (founder and CEO of Roblox), as well as other existing and new strategic investors including Nauta Capital and The Venture Collective.